Launched on February 2014, Eq8 MSCI Malaysia Islamic Dividend ETF (“EQ8MID”) is the first thematic based Shariah ETF in the world designed to reflect the performance of large, mid and small cap segments of Shariah-compliant equities with higher than average dividend yields that are both sustainable and persistent.
Gateway to the cumulative performance of Malaysia’s above average dividend yielding stocks based on MSCI's well-established proprietary methodology.
Collective above average dividend yield eliminates single security concentration towards a stable dividend stream.
Regular rebalancing of portfolio allows up to date diversification based on index criteria of Shariah-compliant equities with higher than average dividend yields.
| Cumulative Performance (As at 2024-02-29) | 1 M | 3 M | 6 M | YTD | 1 Y | 3 Y | 5 Y | **Since Inception |
|---|---|---|---|---|---|---|---|---|
| Fund NAV | 2.56% | 4.37% | 4.16% | 4.31% | 3.24% | -3.62% | 6.42% | 21.65% |
| Benchmark Index | 2.61% | 3.85% | 5.07% | 3.87% | 3.25% | -2.90% | 2.95% | 13.03% |
(Past performance is not indicative of future performance. The table is for information only and is not intended as solicitation for sales. Please read and understand the contents of the relevant Prospectus before investing)
| Minimum Trading Units | : 100 |
| Trading Currency | : Ringgit Malaysia (MYR) |
| Stock Short Name | : EQ8MID |
| Stock Code | : 0824EA |
| Minimum Creation / Redemption (Unit Block) | : 300,000 units |
| Participating Dealer(s) | : CGS International Securities Malaysia Sdn Bhd RHB Investment Bank Berhad |
To closely track the performance of the Benchmark Index - MSCI Malaysia IMI Islamic High Dividend Yield 10/40 Index - which objectively and passively represent the dividend yield opportunity within Malaysia’s Shariah equity market.
The Benchmark Index is a free-float adjusted market capitalization weighted and price return index designed to reflect the performance of large, mid and small cap segments of Shariah-compliant equities with higher-than-average dividend yields that are both sustainable and persistent. The 10/40 capping strategy reflects the 10% and 40% concentration constraints on index constituents subject to the UCITS III Directive.
| Asset Class | Equity |
| Benchmark Index | MIIMYD4P Index |
| Launch Date | 27 February 2014 |
| Listing Date | 21 March 2014 |
| Base Currency | Ringgit Malaysia (MYR) |
| Manager | Eq8 Capital Sdn Bhd |
| Income Distribution | *Annual Distribution |
| Creation/Redemption(unit block) | 300,000 units (or whole multiples thereof) |
*Subject to the discretion of the Manager
| Exchange | Bursa Malaysia |
| ISIN | MYL0824EA002 |
| Stock Short Name | EQ8MID |
| Stock Short Code | 0824EA |
| Bloomberg Ticker | EQ8MID MK Equity |
| Management Fee | 0.400% |
| Trustee Fee | 0.045% |
| Index License Fee | 0.060% |
| Total Annual Fees (chargeable to Fund) | **0.505% |
Transaction Charges (chargeable to Investor):
Trading charges may include brokerage rate and other incidental charges
* Subject to other fees and/or expenses incurred by the Fund.
| Manager | Eq8 Capital Sdn Bhd |
| Trustee | Deutche Trustees Malaysia Berhad |
| Participating Dealer(s) | CGS International Securities Malaysia Sdn Bhd RHB Investment Bank Berhad |
| Shariah Adviser | Amanie Advisors Sdn Bhd |
| Index Licensor | MSCI Inc. |
| Fund Documents | ||
|---|---|---|
| Fund FactSheet | ||
| Daily NAV & Creation/Redemption | ||
| Prospectus | ||
| Supplementary Prospectus | ||
| Fund Reports | ||
|---|---|---|
| Financial Report (Annual & Interim) | ||